Canada Adds 79500 Jobs in November; Unemployment Rate Falls to 5.9%

Adjust Comment Print

Ontario was Canada's job-gains leader, employing 44,000 more people, boosted largely by manufacturing and wholesale and resale trade; the province's unemployment rate was 5.5 per cent, its lowest since July 2000, Statistics Canada said.

The rate went down provincially, as well, with B.C. reporting an unemployment rate of 4.8 per cent in November, one basis point below October's rate and the lowest mark among all provinces.

Heather Gregg with Workforce Windsor Essex told CBC News last month that October's rate was temporarily inflated because so many workers at Fiat Chrysler and affiliated factories were off the job for temporary shutdowns.

StatsCan says Canada added 390,000 net new jobs over the past year, a very strong showing amounting to a 2.1-per-cent increase in total jobs. For the September-to-November period, Canada added roughly 230,000 full-time jobs, or the strongest three-month gain in over a decade. The rest were part-time. "The Sask. Party's approach of cutting important programs and services and giving tax breaks to the wealthy and well-connected is doing nothing to create or even protect Saskatchewan jobs".

Batman travels to medieval Japan in trailer for anime film 'Batman Ninja'
The film is written by Kazuki Nakashima and English-language screenwriters, Leo Chu and Eric Garcia. The centrepiece of the film comes as the two clash on a rooftop, each wielding a katana.

The Bank of Canada raised rates twice earlier this year, but it has now embraced a cautious approach until it gets a firmer grip on how indebted households respond to higher rates.

Compared with the year before, average hourly wages for permanent employees grew 2.7 per cent for the biggest increase since April 2016. The gains were driven by full-time work, the report said.

Still, the central bank is expected to keep its policy rate unchanged at 1%, although TD Securities said a rate rise in January could now be in play.